IPO Allotment of Vision Lumbini Urja Company To Be Concluded on Tuesday; Lucky 207,528 Applicants Will Get 10 Units Each

The IPO allotment of Vision Lumbini Urja Company Limited will take place this Tuesday, i.e. on 5th Mangsir, 2080. The allotment program will be held at the premises of the issue manager Muktinath Capital Limited, Kathmandu.

Out of the total 24,00,410 units; 191,250 units have already been allotted to Nepalese citizens working abroad, and 95,625 units were allocated for mutual funds while 38,250 units were set aside for the employees of the company. The remaining 20,75,285 units were issued to the general public at a par value of Rs. 100.

According to CDSC, 11,94,820 applicants applied for a total of 1,35,76,160 units worth Rs. 1.35 Arba as of closing day. Thus, the issue was oversubscribed by 6.54 times so far.

Looking at the data, it is apparent that only 207,528 lucky applicants will get ownership of the company.

ICRA Nepal has reaffirmed the long-term rating of [ICRANP] LBB- (pronounced ICRA NP L double B minus) to Vision Lumbini Urja Company Limited’s long-term loan limits and also reaffirmed the short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) to its short-term loan limits.